Renasant Corp (NYSE: RNST). Significant positive changes in fundamentals have recently occurred: the stock’s power rating rose above 70, significant quarterly sales acceleration occurred, and significant quarterly earnings acceleration occurred.
Significant positive changes in investment behavior have recently occurred for Renasant Corp (NYSE: RNST): the stock’s recent price rise disrupted its longer term downtrend.
In light of these very positive signals we are reviewing our current Overall Rating of A. We would continue to view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
RNST is expected to continue to be a modest Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Renasant has a current Value Trend Rating of A (Highest Rating). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. Renasant has a good Power Rating of 71 and a good Appreciation Score of 78, leading to the Highest Value Trend Rating.
Recent Price Action
Renasant Corp (NYSE: RNST) stock declined slightly by -0.2% on 1/10/24. The stock closed at $31.94. However, below average trading volume at 69% of normal accompanied the decline. The stock has been strong relative to the market over the last nine months but has declined -5.0% during the last week.
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